Lear Co. (NYSE:LEA) Given Average Rating of “Hold” by Analysts

Shares of Lear Co. (NYSE:LEA) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $132.18.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Monday. Barclays cut their target price on Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Morgan Stanley decreased their price target on Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company cut their price objective on Lear from $106.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Finally, TD Cowen lowered their price target on shares of Lear from $142.00 to $125.00 and set a “buy” rating for the company in a report on Friday, October 25th.

Institutional Investors Weigh In On Lear

A number of large investors have recently bought and sold shares of LEA. Nisa Investment Advisors LLC boosted its position in shares of Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 187 shares in the last quarter. Brooklyn Investment Group acquired a new position in Lear during the 3rd quarter worth approximately $34,000. Blue Trust Inc. boosted its holdings in Lear by 240.4% in the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 214 shares in the last quarter. Signaturefd LLC grew its stake in Lear by 71.6% in the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 139 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Lear by 233.3% during the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 287 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Lear Stock Performance

Lear stock opened at $95.54 on Thursday. The business has a 50 day moving average of $96.10 and a 200-day moving average of $104.21. The company has a market capitalization of $5.19 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.49 and a beta of 1.43. Lear has a 1 year low of $90.03 and a 1 year high of $147.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03.

Lear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 11th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.22%. Lear’s payout ratio is presently 32.39%.

Lear Company Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.